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Public Act Number: 416
Public Act Year: 2000
Document Type(s): MCLs
(9 results found)
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Document Type Description
Act 227 of 1985 Statute SHARED CREDIT RATING ACT (141.1051 - 141.1078)
Section 141.1051 Section Legislative findings and declarations.
Section 141.1053 Section Definitions.
Section 141.1055 Section Board of trustees; appointment, qualifications, and terms of members; duties; oath; vacancy; organization; rules of procedure; conducting business at public meetings; notice; quorum; action of board; designation of representative.
Section 141.1056 Section Chairperson; employment, qualifications, duties, and compensation of personnel; delegation of powers and duties; exercise of powers, duties, and functions; budgeting, procurement, and related functions; costs; report; annual audit.
Section 141.1057 Section Powers of board generally.
Section 141.1058 Section Purchase of municipal obligations by authority; bonds or notes of authority; expenses; preferential treatment in rate of interest; forgiving or relinquishing interest or principal of obligation; purchase of qualified bonds of school district; additional purchase.
Section 141.1066 Section Reserve funds.
Section 141.1070 Section State pledge to and agreement with holders of bonds or notes.